1844 $1 PR64 NGC. As one would expect, the 1844 Seated
dollar is a rare coin in proof format. Mintage estimates vary
between 15 and 30 pieces with Bowers coming down (as usual) on the
higher end of this range. Many, if not most, Seated dollars from
the 1840s were struck with a semi-prooflike finish in the fields.
Usually there is little confusion between business strikes and
proofs, but in case there is a question about the status of any
1844 dollar, it can be quickly determined. Business strikes of this
date have four elements in the vertical stripes on the obverse
shield, whereas proofs display three elements. In the November 1977
Gobrecht Journal there was a report of almost two dozen
three-element 1844 dollars, all grading Fine or less. This, of
course, brings up the question of whether these pieces may have
been circulated proofs. This report has not been confirmed
since.
One does not need to count the number of elements on the obverse
shield to know that this is an unquestioned proof. The fields
display the deep reflectivity that only a proof coin possesses.
Additionally, the design shows pinpoint striking definition in all
areas. Close examination shows light hairlining, but the effects
are greatly minimized by the rich golden-brown and blue toning seen
on both obverse and reverse. Another very rare opportunity to
acquire an early proof Seated dollar. Census: 2 in 64, 1 finer
(11/06).(Registry
values: N10218) (NGC ID# 24ZU, PCGS# 6985)